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U.S. Treasury’s FinCEN to monitor cryptocurrency exchanges

The U.S. Treasury officials are working towards the enforcement of cryptocurrency exchange regulations monitoring due diligence regarding KYC and Anti-Money Laundering policies. The Treasury Department’s Under Secretary for terrorism and financial crimes, Sigal Mandelkar said that the Treasury’s Financial Crimes Enforcement Network (FinCEN) will monitor the adoption of cryptocurrency regulations with the exchanges registered in its platform aimed at preventing criminal activities.